Rock Tech inks German renewable energy deal for lithium plant

Date:

Rendering of Rock Tech’s Guben lithium converter. PHOTO: Rock Tech Lithium.

Rock Tech Lithium (TSXV: RCK) has secured a long-term supply of renewable energy from Germany’s ENERTRAG to power the company’s planned lithium hydroxide converter in Guben.

The companies inked the power supply agreement on Tuesday, in the presence of key government figures including Canadian Prime Minister Mark Carney and Katharina Reiche, Germany’s Federal Minister for Economic Affairs and Energy.

The agreement was signed during the German-Canadian critical minerals roundtable, where the countries formally announced a partnership focusing on the development of lithium and other critical minerals to break China’s monopolistic control in the supply chain.

Rock Tech’s proposed plant is designed to produce battery-grade lithium hydroxide, with an annual production capacity of 24,000 tonnes. The facility,…

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...